Purpose of Advances. The Borrowers undertake with the Lender to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 6 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Agreement (TBS International LTD), Loan Agreement (StealthGas Inc.)
Purpose of Advances. The Borrowers undertake Borrower undertakes with the Lender to use each Advance only for the purpose purposes stated in the preamble to this Agreement.
Appears in 2 contracts
Samples: Facility Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)
Purpose of Advances. The Borrowers undertake with the Lender to use each Advance only for the purpose purposes stated in the preamble to this AgreementAgreement and the definition of the relevant Advance.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Purpose of Advances. The Borrowers undertake Each Borrower undertakes with the Lender to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
